Risk Analyst II

ICONMA; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading banking company in Toronto is seeking a Risk Analyst II to analyze and report on risk exposures, liaise with stakeholders, and provide leadership. The ideal candidate will have strong analytical skills, financial product knowledge, and experience in Risk Management. This role offers health benefits and excellent growth opportunities.

Benefits

Health Benefits

Referral Program

Excellent growth and advancement opportunities

Qualifications

• Experience with working with complex systems.
• Excellent verbal and written communication skills.
• Candidates with experience in Risk Management roles will be favorably positioned.

Responsibilities

• Analyze and report on exposures ensuring adherence to reporting guidelines.
• Liaise with traders and various stakeholders for risk objectives.
• Provide leadership and direction to the team.

Skills

Strong knowledge of financial products

Strong analytical skills

Strong interpersonal skills

Self-motivated

Technical skills (Excel/SQL/VBA/Python)

Education

CFA and/or FRM designations

Job description

Overview

Our Client, a Banking company, is looking for a Risk Analyst II for their Toronto, ON/ Hybrid location.

Responsibilities

• Generate accurate and complete processes to measure and report on exposures ensuring that all reports are submitted as per reporting guidelines.
• Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved risk policies limits.
• Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues.
• Ensure that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
• Propose, schedule, plan and champion projects to improve efficiencies in order to provide more effective business support.
• Execute infrastructure changes with regards to implementation of new or revised policies or processes.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Manage operational risk (e.g., cross-training, documentation, and audit).
• Liaise closely with the Bank’s front office traders, Credit Risk Management (CRM), Global Counterparty Credit (GCC), audit, technology groups, and other stakeholders to assist in meeting the Bank’s objectives.
• Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
• Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues that arise regarding financial modeling of products for risk purposes
• Investigate and analyze the results across respective business areas of the IHC
• Complete monthly reconciliation to ensure accuracy of risk captured
• Establish an environment that promotes respect for individual employee and adheres to the policies and guidelines of the Bank.
• Provide leadership, direction, advice and guidance to the team, to consistently maintain high levels of integrity, motivation and morale. This should encompass all aspects of people development including appropriate mentoring, coaching, and ongoing evaluation of staff performance and leadership skills.
• Initiate actions to further improve your own and the team’s skills and performance by continuously looking for opportunities for professional development.
• Demonstrate client’s Leadership Profile in all professional and personal activities
• Create and maintain an environment conducive to the timely identification and escalation of issues
• Managing relationships with other areas including sharing knowledge and identifying opportunities to leverage complementary skills.

Qualifications

• Strong knowledge of financial products, and counterparty credit risk.
• Experience with Working with complex systems.
• Experience with performing impact assessments, drafting requirements, and performing testing for projects.
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Strong analytical skills and attention to detail
• Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects
• Self-motivated, well organized, able to work both independently and in a team environment
• Strong interpersonal skills are required, as the candidate will be called upon to demonstrate leadership in the team
• Excellent verbal and written communication skills
• Candidates with experience in Risk Management roles will be favorably positioned
• Candidates with CFA and/or FRM designations will be favorably positioned
• Technical skills (Excel/SQL/VBA/Python etc) will also be viewed favorably.

Why Should You Apply?

• Health Benefits
• Referral Program
• Excellent growth and advancement opportunities

As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or express, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.